The New World Alliance and the Grand Alliance Offer Joint Black Sea Service

Released on: June 25, 2008, 8:22 am

Press Release Author: Sarah Chase

Industry: Transportation & Logistics

Press Release Summary: The member lines of The New World Alliance (TNWA) and theGrand Alliance (GA) are pleased to announce a jointly operated service from Asia tothe Black Sea starting mid-June 2008.

Press Release Body: LONDON, 25 June 2008 - The member lines of The New WorldAlliance (TNWA) and the Grand Alliance (GA) are pleased to announce a jointlyoperated service from Asia to the Black Sea starting mid-June 2008.

TNWA and the Grand Alliance carriers began co-operating in February this year with aslot exchange on their respective fortnightly services to the Black Sea. The newjoint service will now provide shippers a weekly frequency with the common portcoverage.

Eight vessels will be deployed on the service. TNWA members will operate threevessels. Grand Alliance member lines will operate five vessels. Hanjin and UASC willkeep participating in this service as slot charterers. Capacity for these eightships is about 5,000 TEU.

About The New World Alliance: TNWA member lines Mitsui O.S.K. Lines, Ltd. (MOL),APL, and Hyundai Merchant Marine Co., Ltd. (HMM) serve more than 50 ports using inexcess of 120 containerships in the major East-West container trades.

MOL is one of the world's largest multi-modal transport companies, operating morethan 800 vessels and employing a workforce in excess of 8,600 worldwide. MOLoperates one of the largest and most diverse networks of liner and logisticsservices around the globe, including weekly Transpacific, Transatlantic, Americasand Asia-Europe services. Please visit the company's website at www.MOLpower.com